New Delhi: Small cars and entry-level bikes are set to get cheaper as the GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime. The GST Council approved limiting slabs to 5 per cent and 18 per cent, effective from September 22, the first day of Navaratri. Petrol,…
New Delhi: The Goods and Services Tax Council on Wednesday decided to reduce tax rates on several dairy products, fertilisers, biopesticides, and agricultural equipment, providing relief to farmers and consumers ahead of the festive season. The 56th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, approved significant rate cuts for the…
New Delhi: Common use items from roti/paratha to hair oil, ice creams, and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime. The GST Council…
New Delhi: The 56th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, on Wednesday started deliberations on ‘next-gen GST’ reforms, which will lower tax rates on items of mass consumption, remove duty inversion in sectors like textiles, and ease compliance burden for MSMEs. The Council, over the next…
Chennai: Underscoring the impact of the American tariffs on the textiles industry in Tamil Nadu’s western region, including Tiruppur, the ruling DMK on Wednesday asked what the BJP-led Centre was going to do to protect the industries in the western belt, as the Saffron party has set its sights on western parts of the state…
New Delhi: India on Tuesday sought consultations with the US under the World Trade Organisation’s (WTO) safeguard agreement over 50 per cent tariffs imposed on certain copper products by America. This move comes after India reserved the right to impose retaliatory duties on select US products in response to American tariffs on steel and aluminium,…
Bengaluru: The Enforcement Directorate has initiated a preliminary investigation into the allegations of dubious foreign funding used to fuel communal conspiracies during the ongoing Dharmasthala row in Karnataka, official sources said on Tuesday. The sources told PTI that the agency is gathering facts and documents related to all entities and stakeholders, including some NGOs, who…
Patna: Congress president Mallikarjun Kharge on Monday alleged that Prime Minister Narendra Modi is attempting to win the Bihar assembly polls through “vote chori”, and asserted that the NDA’s double engine government would be voted out soon with a new government of the poor, backwards and Dalits being formed. He also targeted Bihar Chief Minister…
New Delhi: Pinning hopes on the underlying resilience of the Indian economy, Chief Economic Adviser (CEA) V Anantha Nageswaran on Saturday said the high growth momentum exhibited in the first quarter of the current fiscal is expected to continue in the coming quarter as well, with a downward bias emanating from high US tariffs. The…
Indore: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Saturday said India will become the world’s third-largest economy soon, and credited the Pradhan Mantri Jan Dhan Yojana for boosting the country’s growth. His remark came at a time when India’s GDP grew 7.8 per cent in the April-June quarter of the current fiscal, the…
